Saving

If you boil it down, there are really two primary schools of thought when it comes to managing money. The first philosophy believes in these core principles: Philosophy 1 We can outguess the market Diversification is not a priority Concentrate in only our best ideas Trade frequently Charge higher fees to the end investor for…

Are you a millennial? Retirement is probably the last thing you are thinking about. People in their 20s and 30s “go through more life transitions than at any other age – you’re getting out of college, you’re graduating, you’re getting a job, you’re changing jobs, maybe you’re starting a business, you’re getting married, you…

Let’s face it. Budgeting is hard. We sit down and make a budget on paper, but few people actually EVER follow the budget. To me, the key to making a budget that’s sustainable is that is has to be easy, but also holds us accountable. There are 100 different budgeting strategies and systems out there…

The key to building wealth is really quite simple. Live within your means, save and invest 10-20% of your earnings, and repeat that process for 30-40 years. If you can do those few things, you WILL be wealthy. Unfortunately, so many families struggle to accomplish this. The biggest hurdle to building wealth is what I call…

Fidelity recently put out this rule of thumb for how much people should have in retirement for every age. It’s an interesting and easy way to make sure you are on track. Fidelity Retirement Rule of Thumb

“We insure against what can go wrong in order to acquire the luxury of investing for what can go right!” Nick Murray Nobody likes talking about death, disability, or the bad things that can happen in life. But, that does not mean they aren’t important to consider. Last week, we talked about Retirement planning and the…

“If you fail to plan, you are planning to fail.” –Benjamin Franklin Last week, we talked about Cash Flow and the importance of spending less than you earn. Often, we find ourselves living paycheck to paycheck because we have never practiced the skill of delayed gratification. Retirement is very similar. Planning for retirement often…

In your 30s, you start feeling like an adult. You may be married and have a family by now. You may be starting to really hit your stride career wise. Or you are considering buying a house or starting a business. With all of these new responsibilities, it is critical to have a structured game…

The trouble with investing in your 20s is that you are experiencing so much change in a rather compressed amount of time. You are starting your career, getting married, having kids, etc. Despite the difficulty, your 20s are a crucial stage when you probably have more control over your cash flow than you will later…